Saturday, April 20, 2024

Hong Kong stock market index fell, oil prices fell


Shares of China fell in Asia-Pacific markets on Tuesday, releasing better-than-expected Chinese economic data, which gave little assurance. The Hong Kong Stock Exchange index fell 6% on Monday afternoon trading on the Hong Kong Stock Exchange after the benchmark index closed at a record low in March 2016. Chinese technology stocks were also trading volatile during the day; After the Hong Cheng technical index had previously fallen more than 7%, it briefly moved into positive territory before losing those gains and finally falling to 6%.
Shares of dual-listed Chinese technology stocks in Hong Kong were in deep negative territory, while Alibaba was down 7.73%, was down 6.39% and NetEase was down 6.33% as investors continued to assess the likelihood of withdrawal from US stock markets. Electric Car Maker Neo, another double-listed stock, fell 8.75% after its US-listed shares fell overnight amid reports of renewed listed fears that Tencent could face record fines for offenses against money, citing concerns over Chinese technology stocks. Laundry terms; On China’s mainland, the Shanghai Composite Index fell more than 3%, while the Shenzhen Composite Index fell 2.74%.
According to data released on Tuesday, China’s industrial output rose 7.5% year-on-year in January and February, more than the 3.9% increase expected by analysts in a Reuters poll predicting a 3% increase in China’s retail sales. For the two months, the first two years of the year were up 6.7%, exceeding expectations.
Outside China, the Cosby in South Korea fell 0.65%, the S&P / ASX 200 fell 0.73% in Australia, the Nikkei 225 rose 0.14% in Japan, the Topix rose 0.82% and the broader index of Asian stocks fell, and the Pacific Ocean «MSCI» 2.11% outside Japan.
Oil fell during Asian trading hours on Tuesday, falling 5% to $ 101.91 a barrel internationally, and US crude was down 4.73% to $ 98.13 a barrel; The move comes after oil prices plummeted overnight. The S&P 500 was down 0.74% at 4173.11 during the period, while the heavy Nasdaq was down 2.04% at 12581.22, and the Dow Jones Industrial Average was slightly higher at 32945.24. U.S. Treasury yields changed slightly as of Tuesday afternoon Asian time as 10-year Treasury yields rose 2.14% to 2.1402% since Monday; The rise comes amid expectations that the US Federal Reserve will announce an interest rate hike on Wednesday.
The U.S. dollar index, which measures the greenback against its peers’ basket, was 98,887, well above the levels below 98 last week; The Japanese yen traded at 118.33 against the dollar, weakening from less than 118 yesterday, while the Australian dollar was at $ 0.7177, up from $ 0.728 after yesterday’s decline.

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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